Lansley - An excellent opportunity to purchase the freehold and a block of four modern apartments close to Reading town centre. The apartments consist of two units on the ground floor with accommodation comprising two bedrooms, kitchen with fitted appliances and family bathroom and two three bedroom split level apartments across the first and second floors with two bathrooms and kitchen with fitted appliances. Externally each apartment has an allocated parking space. The block is currently producing a rental income of £73,200 (£1400pcm for the two beds and £1650 for the three beds). Planning permission has also been approved for an additional storey creating an additional three apartments.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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